For Sale
Call for price

1842-1856 Craig Park Ct StSt. Louis, MO 63146

Two prime St. Louis warehouses, 100% leased.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity comprises two fully leased industrial properties totaling 73,774 square feet in high-demand St. Louis submarkets. The portfolio includes the Craig Park Tech Center (42,124 sq ft, 40% office/60% warehouse, built 1986, 2.45 acres, G zoning, 15' ceiling height, 6 loading docks, 3 drive-ins, 3.3 parking spaces per 1,000 sq ft) and the Dielman Tech Center (31,650 sq ft, 51% office, built 1980, 3.19 acres, M3 zoning, 14' ceiling height, 6 loading docks, 5 drive-ins, 3 parking spaces per 1,000 sq ft). Both properties boast excellent highway access to I-270, Hwy 364, and Innerbelt 170, placing them within easy reach of major transportation arteries and Lambert International Airport. The buildings feature masonry construction and offer triple-net lease structures with staggered lease expirations, ensuring a stable income stream. Current occupancy is 100%, providing immediate cash flow with upside potential for rental rate increases as leases renew. The portfolio benefits from a strong tenant base, including a major user with a lease expiring in 2026. This presents a rare chance to acquire a well-positioned, high-performing asset in a thriving St. Louis market with low vacancy rates. The properties are located at 1842-1856 Craig Park Court, St. Louis, MO 63146 and 9355-9375 Dielman Industrial Drive, Olivette, MO 63132. The combined Net Operating Income (NOI) is $643,795.

Highlights

  • Below-market rents offer significant upside potential.
  • Rental income grows steadily through contractual escalations.
  • Prime St. Louis location in submarkets boasting low vacancy rates (3.7% and 2.6%).
  • Excellent location with abundant amenities and strong surrounding businesses.
  • 1842-1856 Craig Park Court: 42,124 SF building (40% office, 60% warehouse); 1986 construction; 2.45-acre site; G zoning; 15' clear height; 6 docks, 3 drive-ins; 3.3/1,000 parking ratio; masonry construction.
  • 9355-9375 Dielman Industrial Drive: 31,650 SF building (51% office); 1980 construction; 3.19-acre site; M3 zoning; 14' clear height; 6 docks, 5 drive-ins; 3/1,000 parking ratio; masonry construction.

Property Details for 1842-1856 Craig Park Ct St

Property type
Warehouses, Office properties
Square Feet
73,774 SF
Year Built
1980
Buildings
2
Lot Size (sq. ft)
106,722 SF

Location Insight

City
St. Louis
County
St. Louis
State
Missouri
Latitude
38.6938771
Longitude
-90.4418231
1842-1856 Craig Park Ct St, St. Louis, Missouri

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1842-1856 Craig Park Ct St
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